“(Reuters) – Chesapeake Energy Corp appointed Chief Operating Officer Steven Dixon as interim chief executive officer on Friday and made him part of a three-person committee to search for a replacement for Aubrey McClendon.
McClendon is expected to step down on Monday.
In a statement Chesapeake, the second-largest producer of natural gas, said its board has established an Office of Chairman to steer the company after McClendon leaves. The three-man team will also include Chesapeake’s non-executive Chairman Archie Dunham and Chief Financial Officer Domenic Dell’osso.
McClendon’s departure was announced in late January, following a governance crisis and a liquidity crunch caused by heavy spending on oil and gas properties, and a collapse in the price of natural gas.
Chesapeake’s board is considering both internal and external candidates for the job they had initially said would be filled by April 1….”
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